Bayer AG, a German multinational pharmaceutical and life sciences company, is one of the largest in the world, focusing on pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds, and biotechnology products. Founded in 1863 in Barmen, Germany, Bayer has a long history of innovation, including the development of Aspirin in 1889. After a merger in 1925, the company became part of IG Farben, and later rebranded as Farbenfabriken Bayer AG in 1951. Today, Bayer continues to be a global leader in the industry, with high annual revenues and a large workforce.